U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Landuyt William M.
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(Last) (First) (Middle)
Millennium Chemicals Inc.
230 Half Mile Road
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(Street)
Red Bank, NJ 07701
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Millennium Chemicals Inc. (MCH)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
June 2001
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Chairman and Chief Executive Officer
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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Common Stock $0.01 par value/share V 7,667 I 401(k)(1)
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Common Stock $0.01 par value/share 4,223 I 401(k)
window(2)
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Common Stock $0.01 par value/share 184,306 D restricted
stock(3)
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Common Stock $0.01 par value/share 113,495 D
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Common Stock $0.01 par value/share 2,890 I (4)
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Common Stock $0.01 par value/share 6/30/01 A V 205 A 15.25 I (5)
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Common Stock $0.01 par value/share 6/30/01 A V 6 A 15.35 I (5)
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Common Stock $0.01 par value/share 6/30/01 A V 1198 A 15.35 161,495 I (5)
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Common Stock $0.01 par value/share V 12,544 I (6)
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Response) (Over)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Explanation of Responses:
1. Represents the value of the Reporting Persons's Company Stock Fund Account
in the Company's 401(k) plan as of June 30, 2001, expressed as share equiva-
lents. As of such date, approximately 96.465% of the Company Stock Fund
was invested in Company Common Stock, and the remainder was invested in cash.
2. Represents the number of shares of Company Common Stock in the Reporting
Person's Individual Brokered Account within the Company's 401(k) plan as of
June 30, 2001.
3. Represents shares of unvested restricted stock granted to the Reporting
Person on October 8, 1996 under the Issuer's Long Term Stock Incentive Plan
as follows: (i) 37,338 shares which may vest on October 8, 2001, (ii)
33,882 shares which may vest over a five-year period, and (iii) 113,085
shares which may be earned for the five-year performance period ending
December 31, 2001, subject to the achievement of performance goals, 50% of
which may be distributed after the Company's Board certifies performance and
50% of which may be distributed over a five-year period commencing on the
date earned.
4. Represents shares held by two trusts created by the Reporting Person for his
two children.
5. Reflects shares allocated to the Reporting Person's account under the
Company's Salary and Bonus Deferral Plan as a result of dividends paid on
shares held in such Plan.
6. Represents amounts allocated to, and the total holdings in, the Reporting
Person's Company Stock Fund Account in the Company's Supplemental Savings
and Investment Plan as of June 30, 2001, expressed as share equivalents.
Because the trustee and record keeper for this plan utilize unit accounting
for the Company Stock Fund rather than share accounting, these amounts
represent share equivalents allocated to the Reporting Person's account
rather than shares of Common Stock.
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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